The Clearing House

Don’t miss this week’s #WeekendReads for the latest news in #payments ?? 1. Digital Wallets Increasingly Dominate Payments, But Cash Maintains A Stubborn Toehold https://lnkd.in/eGufPJza / The Financial Brand 2. Instant payments: Transforming credit unions for growth https://lnkd.in/ed4C4wWR / CUInsight.com 3. Real-Time Gap: Consumers Wait as Banks Tackle Legacy Payments Tech https://lnkd.in/ecFRQy73 / PYMNTS 4. The Pay by Bank Breakthrough https://lnkd.in/gGRmnw6S / Fintech Takes 5. Trump Directs Treasury Department to Modernize Payment Systems https://lnkd.in/evTr_NQ3 / Bloomberg

In the latest Payments Nerds podcast, DJ Seeterlin, president of Chesapeake Payment Systems, a division of Chesapeake Bank, shares his bank's experience with #instantpayments, and why checks need to go. The 125 year old bank was one of the first community banks to join the RTP? network, and has launched instant payments solutions for customers and other community banks. Listen in as DJ discusses his passion for payments, and subscribe so you don't miss the latest in #paymentsnerds news. ? https://lnkd.in/gFzv6Crc https://lnkd.in/gVQriWYf ? #RTP #RealTimePayments #CommunityBank

The ACH Network’s MVPs! In 2024, the Top 50 ACH Originators were responsible for 29.7 billion ACH payments. That’s 93.8% of the ACH Network’s total commercial payments volume! The top 50 ACH Receivers also carried their weight, accounting for 65.5% of total volume on the ACH Network in 2024! These receiving financial institutions processed nearly 22 billion ACH payments last year. Who were the top financial institutions leading the charge? Find out in Nacha’s Top 50 ACH Originators and Receivers lists! Read more here: https://hubs.la/Q03dBcGx0

One year after the CHIPS? network successfully migrated to the ISO 20022 message format, The Clearing House continues to innovate CHIPS’ capabilities for better alignment with the global marketplace. The new CHIPS Message Usage Guidelines, published on the Swift MYStandards platform for implementation in November 2025, further modernize ISO messages so that financial institutions can better utilize the enriched data on their cross-border and high-value payments. ? View the 2025 guidelines here: https://lnkd.in/e7te6uMK ? Michael Knorr Richard Dzina Bob Pepitone #CHIPS #ISO20022 #crossborderpayments #highvaluepayments

Small to mid-sized businesses (SMBs) often deal with strains on cash concentration like late receivables and potential ACH errors or delays. For them, instant payments offer more than just convenience; they offer a seamless and secure way to improve cash flow. With instant payments, financial institutions (FIs) can reclaim deposits while providing new service offerings for customers.? Check out the latest collaboration between PYMNTS and The Clearing House for a deep-dive on how enabling instant payments can position FIs to better serve their business customers. Read the Real-Time Payments Tracker here: https://lnkd.in/ewvU938N #instantpayments #RTP #PYMNTS

Find all the #payments stories you need to know in this week’s #WeekendReads ?? 1. A Key Payment Standard Keeps Getting Delayed. Here's why https://lnkd.in/enAntmYu / American Banker 2. Real-time Payments Are at a Tipping Point, Bedeviled by Fears of Risk https://lnkd.in/eU36mSqe / The Financial Brand 3. Bank of America Says Real-Time Payments Connect Businesses to Working Capital https://lnkd.in/evGNpbMj / PYMNTS 4. Digital Payments to Exceed $33.5 Trillion by 2030: Report https://lnkd.in/ewd3eJPW / Payments Dive 5. New Data Shows Late B2B Payments Undermine Growth https://lnkd.in/e7yi6VwV / Digital Commerce 360

When offered, customers are consistently choosing instant payments. Businesses and consumers are turning to instant payments to avoid delays or potential late fees when paying bills and enjoy the ease of knowing that their money has been moved immediately. By adopting the ability to send instant payments on the RTP? network, financial institutions (FIs) can enhance their offerings, provide their customers with a more efficient way to handle their finances, and increase overall customer satisfaction. Check out this article from PYMNTS summarizing their collaborative report with The Clearing House that offers in-depth analysis and actionable insights on the instant payments landscape. #instantpayments #PYMNTS #RTP

For financial institutions on the?RTP? network, adding send capabilities not only creates a complete instant payments experience, it allows them to stay competitive in a market where customers can access and interact with their finances at any time.?When ABNB Federal Credit Union joined the RTP? network in May 2024, it embarked on a journey to modernize its payment capabilities and redefine how it serves its members. Learn the story of how the Virginia-based credit union partnered with Alacriti to build an #instantpayments offering with receive and send from ABNB’s Cassandra Tucker and Alacriti's Mark G Majeske ?https://lnkd.in/efi2pDc7 #RTP #realtimepayments

Keep up with the latest #payments news by exploring this week’s #WeekendReads ?? 1. How a Virginia Credit Union Got Onboard with Sending Real-Time Payments https://lnkd.in/eABj53wg / American Banker 2. TCH Daily Payments Value Double to $2.5B in 6 Weeks https://lnkd.in/eqkYP2gJ / Bank Automation News 3. Real-Time Payments Spike With $10M Transactions, Digital Wallet Boom https://lnkd.in/eHivGRGW / PYMNTS 4. Fintech Plaid and Dwolla Expand Integration, Unified API Available to Enterprise Clients https://lnkd.in/ePrFZSa2 / Crowdfund Insider 5. Payments Firm ‘For Sale’ Signs Pop Up As Buying Interest Swells https://lnkd.in/eD7-XS7t / Payments Dive

By enabling send capabilities, financial institutions of all sizes can take full advantage of instant payments. When ABNB Federal Credit Union added send capabilities in November 2024, just before the holiday rush, the results exceeded expectations. Director of Operations at ABNB, Cassandra Tucker, joins the Payments Nerds podcast to discuss the work that went into enabling their members to send instant payments and shows that smaller FIs can be leaders in instant payments adoption. Listen to the episode here: https://lnkd.in/gzEAMfJu #PaymentsNerds #RTP #InstantPayments